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SOCKED JOCK
Freedom of speech advocate Howard Stern may have to put his money where his mouth was, as CBS Radio has slapped the King of All Media with a massive lawsuit. Among other things, the 43-page complaint alleges that Stern used his final months of terrestrial-radio airtime to pimp his new Sirius Satellite gig, which in essence helped him reap a $220 million stock-option windfall once Sirius added enough new subscribers. "CBS Radio is going to have an uphill battle to win this," a former SEC attorney tells Variety. "CBS tried to take advantage of the publicity surrounding [Stern's] move, so it's going to be hard to argue they were... defrauded." One significant legal issue this suit will raise is whether strippers need to wear pasties when testifying in court.
Freedom of speech advocate Howard Stern may have to put his money where his mouth was, as CBS Radio has slapped the King of All Media with a massive lawsuit. Among other things, the 43-page complaint alleges that Stern used his final months of terrestrial-radio airtime to pimp his new Sirius Satellite gig, which in essence helped him reap a $220 million stock-option windfall once Sirius added enough new subscribers. "CBS Radio is going to have an uphill battle to win this," a former SEC attorney tells Variety. "CBS tried to take advantage of the publicity surrounding [Stern's] move, so it's going to be hard to argue they were... defrauded." One significant legal issue this suit will raise is whether strippers need to wear pasties when testifying in court.